Business News

Strong euro weighs on European stocks

  • London, Nov 27 (AFP/APP):Eurozone stocks closed lower Monday as the euro remained strong amid hopes that German Chancellor Angela Merkel is close to forming a government, dealers said. London equities also showed losses at the closing bell as investors worried about apparently stalled Brexit talks, and a rising pound took its toll on exporters. “European […]

  • IESCO issues power suspension programme

    ISLAMABAD, Nov 26 (APP):The Islamabad Electric Supply Company (IESCO) on Sunday issued a power suspension programme for Mondayfor various areas of its region due to necessary maintenance and routine development work. According to IESCO spokesman, the power supply of different feeders and grid stations would remain suspendedfor the period from 10:00am to 13:00pm Chanab, Injra, […]

  • Car production surges by over 31pc in 1st Quarter

    ISLAMABAD, Nov 26 (APP):The production of jeeps and cars surged by 31.37 percent during the first quarter of the current fiscal year against the output of the corresponding period of last year. As many as 57,642 jeeps and cars were manufactured during July-September (2017-18) against the output of 43,878 units during July-September (2016-17), according to […]

  • China’s business travel market expanding rapidly

    BEIJING,Nov 26 (APP/Xinhua):China’s business travel market is expanding rapidly, creating opportunities for travel companies worldwide. AirPlus International, a German travel payment company, said its accumulated turnover in China reached over 1 billion euros (1.2 billion U.S. dollars) this month, making China its third largest overseas market. “China’s business travel market, which is the largest in […]

  • German delegation meets Shehbaz Sharif

    LAHORE, Nov 15 (APP):A high-level delegation of Germany here Wednesday called on Punjab Chief Minister Muhammad Shehbaz Sharif and discussed promotion of bilateral cooperation between Punjab government and Germany in different sectors including energy, transport, the auto industry and skills development. The delegation was jointly led by German Ambassador to Pakistan Mr. Martin Kobler and […]

  • US stocks fall on tax cut doubts, holiday shopping anxiety

    New York, Nov 15 (AFP/APP):Wall Street stocks tumbled early Wednesday on ongoing doubts about the prospects for US tax cuts, and worries about the holiday shopping season following a weak outlook from retail giant Target. Analysts described rising skepticism about the likelihood of US tax reform will be approved, following news the Senate bill would […]